A $700 appraisal would be if the property was very large, like a mansion or was a bit special like a ranch or something.

What they can do is "book" 80% to the real estate loan side and 15% as unsecured loans and probably making you believe you're a very special customer, actually, you would be to get that.

Here you will meet wholesalers and all the cash buyers (rehabbers) you need.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

A lot of things can go wrong with such an old house, specially when it is so small (its a 2/1 I assume?).

I'd like to specialize in investment properties and work only with investors.

Several of us are in the good school districts in good areas, $100,000 properties.I specialize in the lower quality and higher profit market.I'm always happy to meet and show you my areas if you are in town.

Check out the resources below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and rehabbers.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing or vacation rentals.

But if they haven't read the laws and/or don't specialize in investors who originate loans, you'll be paying for them to learn.

Get a multi live in one side, rent the other and take in roommates and live for freeand get $ in your pocket every month.You might consider Niche or Specialized Housing like student housing.